Southfield-based Farbman says it will market the building to office clients and as storage space. The building was purchased from the Heenan family.
The building, which was built in the 1920s and is also known as the NBS Building, is located at Baltimore and the Lodge in the New Center area. The purchase brings Farbman's portfolio in the New Center area to approximately 2 million sf. Klugman Commercial Properties represented the Heenan family in the sale.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
